- Management is working on stabilizing the business by improving efficiencies and rationalizing the number of SKUs offered. Debt repayment is another key area that management is working on.
- Growth has been lackluster for the past years and operating margins are thin.
- LCUT’s long-term goal of achieving $90 million in adjusted EBITDA, from a base of 55 million in 2019, by 2024 seems a bit optimistic now.
- While we believe the company trades at a slight discount, the margin of safety is not wide enough to make it a compelling investment.
For further details see:
Lifetime Brands Trades At A Slight Discount, But Risks Are High